Trade-Ideas LLC identified Cisco Systems (CSCO) as a “storm
the castle” (crossing above the 200-day simple moving average on higher than
normal relative volume) candidate. In addition to specific proprietary factors,
Trade-Ideas identified Cisco Systems as such a stock due to the following
factors.
‘Storm the Castle’ stocks are worth watching because trading
stocks that begin to experience a breakout can lead to potentially massive
profits. Once psychological and technical resistance barriers like the 200-day
moving average are breached on higher than normal relative volume, the stock is
then free to find new buyers and momentum traders who can ultimately push the
stock significantly higher. Regardless of the impetus behind the price and
volume action, when a stock moves with strength and volume it can indicate the
start of a new trend on which early investors can capitalize on. In the event
of a well-timed trading opportunity, combining technical indicators with
fundamental trends and a disciplined trading methodology should help you take
the first steps towards investment success. Read more.
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